Evergrande effect hits aluminium prices, but supply curbs are good for ALBA

  • Aluminium prices touched US$3,000 first time in 13 years on September 13, but corrected due to Evergrande and Alcoa

  • Persisting supply curbs are positive for prices and Aluminium Bahrain. We raise our aluminium and alumina forecasts

  • We increase our 2021f EPS to BHD0.30 (previously BHD0.244) and our target price to BHD0.89 (previously BHD0.83)
September 23rd, 2021
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